Data Network
DATAAI · Built in Palo Alto, CA · Story Protocol, Inc. d/b/a PIP Labs
Listing suspended on 2026-09-14
Tests 1 and 4 are not established for PIP Labs (Story Protocol, Inc.): no registry, filing, or legal-document evidence, and no two independent sources, show its state of incorporation (its terms show only Delaware governing law) or its headquarters (Palo Alto rests on its job listings). Neither Test 2 nor Test 3 has qualifying evidence. The project also rebranded from Story to DATA Network on 2026-06-25. Market data is withheld until verification meets the USCC evidence standard.
The verdict on record
Pathway: Foundation with a US principal contributor. Needs Tests 1 and 4, plus 2 or 3.
Test 1 · not met
Headquartered in the United States
US headquarters of Story Protocol, Inc. d/b/a PIP Labs is not yet supported by a primary document or two independent sources.
Test 4 · not met
Registered in a US state
The registration of Story Protocol, Inc. d/b/a PIP Labs is not established.
Test 2 · not met
American founding team
0 of 2 named founders are established US persons holding operational roles today; a majority is required.
Test 3 · not met
Primary operations in the United States
No US primary-operations claim is supported by a primary document or two independent sources.
Legal entities
Story Protocol, Inc. d/b/a PIP Labs
Jurisdiction not established · principal contributor · Palo Alto, CA
3 sources· 1 primary
- Legal termspiplabs.xyz/terms2026-09-14
- Projectpiplabs.xyz2026-09-14
- Projectcareers.datafdn.org/jobs2026-09-14
The Data Foundation
Cayman Islands · foundation
2 sources· 1 primary
- Legal termsdatafdn.org/terms2026-09-14
- Projectdatafdn.org/about2026-09-14
Founders
Seung Yoon Lee
Co-founder & CEO, PIP Labs · US status not established · operating role today
1 source
- Projectpiplabs.xyz/team2026-09-14
Jason Zhao
Co-founder; not listed on PIP Labs' current team page · US status not established · no operating role today
1 source
- Projectpiplabs.xyz/team2026-09-14
Record history
2026-09-14 · suspended
Suspended: no strong-class evidence of PIP Labs' US headquarters or state registration, and no qualifying Test 2 or Test 3 evidence.
2026-09-14 · correction
Entity corrected to Story Protocol, Inc. d/b/a PIP Labs, with Delaware incorporation unconfirmed. Foundation corrected to The Data Foundation (Cayman Islands). Jason Zhao is no longer listed on PIP Labs' team page. Removed unsourced investor claims (a16z as Series A/B lead, Polychain) and the audit claim (Code4rena).
2026-09-14 · identity remap
Story rebranded to DATA Network on 2026-06-25; IP migrated 1:1 to DATA and Story Foundation became The Data Foundation. CoinGecko id story-2 now serves the asset as Data Network (DATA); slug unchanged. Category changed from infra to ai.
2026-04-29 · listed
Listed in the v0.1 allowlist.
About Data Network
DATA Network, formerly Story, is a Layer 1 blockchain for recording the provenance of human-contributed data used in AI training. The project rebranded on 2026-06-25, when IP migrated one-to-one to DATA. PIP Labs (Story Protocol, Inc.) contributes to development, and The Data Foundation, a Cayman Islands foundation company, stewards the network.